HOTELS: Girdling the World

At a White House breakfast one day in 1944, Franklin Roosevelt and Pan American Airways' Juan Terry Trippe put their heads together over Latin America's impending dollar shortages. One way to solve them, said Roosevelt, was to in crease tourist traffic from the U.S. by supplying better hotels for travelers. Since any increase in travelers would mean a boost for Pan Am as well, Juan Trippe got right to work.

He sent the late Lucius Boomer of the Waldorf-Astoria and Pan Am Vice President H. B. Dean on a tour of South America...

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